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Stock Options (Tables)
 3 Months Ended
Jun. 30, 2020
Stock Options  
Summary of Stock Option Activity

A summary of stock option activity for the three months ended June 30, 2020 is summarized below:

 

    June 30, 2020  
    Number of Options     Weighted Average Exercise Price  
Stock Options:                
Balance at beginning of period     2,230,000     $ 0.26  
Granted     -       -  
Exercised     -       -  
Forfeited     -       -  
Balance at end of period     2,230,000     $ 0.26  
                 
Options exercisable at end of period     2,230,000     $ 0.26  
Schedule of Employee Stock Options Outstanding

The following table summarizes information about employee stock options outstanding at June 30, 2020

 

Range of Exercise Price     Number Outstanding at June 30, 2020     Weighted Average Remaining Contractural Life     Weighted Average Exercise Price     Number Exercisable at June 30, 2020     Weighted Average Exercise Price  
  $.04 - $.38       1,650,000       4.1       0.17       1,650,000       0.17  
  $.47 - $.55       580,000       7.6       0.50       580,000       0.50  
  *       2,230,000                       2,230,000          

 

* Total number of options outstanding as of June 30, 2020 includes 1,080,000 options issued to five current and two former directors as compensation and 1,150,000 options issue to key employees that were not issued from the Plan.